The Ark
- Assets
- $21.5m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Chicago, IL
- Founding
- 03/1972
- Data as of
- 06/2022
- EIN
- 23-7164967
Organization Overview
The Ark is located in Chicago, IL. The organization was established in 1972. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Ark employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ark is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ark generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 5.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ARK PROVIDES MEDICAL, DENTAL, COUNSELING, FOOD, LEGAL, EMERGENCY SHELTER AND SOCIAL SUPPORT SERVICES TO LOW-INCOME INDIVIDUALS AND FAMILIES IN NEED OF THE GREATER CHICAGO METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL SERVICE ASSISTANCE: PROVIDES CASE MANAGEMENT, FOOD, RENT, UTILITY AND FINANCIAL ASSISTANCE, AND LEGAL AID TO LOW-INCOME INDIVIDUALS AND FAMILIES FROM THE ARK'S HEADQUARTERS IN CHICAGO. 3,734 CLIENTS SERVED.
ARK NORTHWEST: PROVIDES INCREASED ACCESS FOR NORTHWEST SUBURBAN CLIENTS TO THE ARK'S VITAL HUMAN SERVICES, INCLUDING CASE MANAGEMENT, FOOD PANTRY, RENT & UTILITY ASSISTANCE, JOB COUNSELING, AND DELIVERY OF MEDICATIONS FROM THE ARK'S PHARMACY. 1,119 CLIENTS SERVED.
CLINIC: PROVIDES MEDICAL SERVICES, PRIMARILY THROUGH VOLUNTEER PHYSICIANS AND MEDICAL PROFESSIONALS, INCLUDING BLOOD TESTS AND OTHER DIAGNOSTIC PROCEDURES, MEDICATIONS, EYEGLASSES, AND MOBILITY AND POST-OPERATIVE AIDS. 273 CLIENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Blonder President | OfficerTrustee | 10 | $0 |
Stan Diskin Treasurer | OfficerTrustee | 3 | $0 |
Steven Handmaker Vice President | OfficerTrustee | 1 | $0 |
Glenn Garfinkel Vice President | OfficerTrustee | 1 | $0 |
Will Lennon Board Chairman | OfficerTrustee | 3 | $0 |
Joshua Lipman Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,915,833 |
| Noncash contributions included in lines 1a–1f | $252,538 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,052,055 |
| Total Program Service Revenue | $0 |
| Investment income | $330,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,472,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,481,575 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $390,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,153,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $892,161 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $632,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $636,664 |
| Office expenses | $72,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $585,374 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,283 |
| Insurance | $185,288 |
| All other expenses | $0 |
| Total functional expenses | $9,073,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,761 |
| Savings and temporary cash investments | $1,394,378 |
| Pledges and grants receivable | $2,182,747 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,287 |
| Net Land, buildings, and equipment | $1,905,457 |
| Investments—publicly traded securities | $15,071,398 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,545,028 |
| Accounts payable and accrued expenses | $732,023 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $31,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $763,023 |
| Net assets without donor restrictions | $9,452,688 |
| Net assets with donor restrictions | $11,329,317 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,545,028 |